This is a common question asked by so many adsense users. Where do I place my adsense ads? There have been many studies done on where people are most likely to click on ads. Google has their own 'heat map', which can be found here.
The darker orange the area, the more likely the ad is to be clicked. The white areas are the least likely.
Think about when you are reading an article or blog on the web, where is the first place you look? To the blog post, correct? Well, since we read left to right, it makes sense that the 'hottest' areas to place adsense are in the upper left quadrant of the post and sidebar areas.
The other 'hot' area to place adsense, helping improve your chances of making money online, is below the post, where people are often looking for labels and comments.
Ultimately, it is up to you were to place them, so try to optimize your adsense in whichever way you can. If one configuration doesn't work out too well, try another until you find something that is fairly consistent and successful in bringing in adsense revenue.
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